BorgWarner (BWA) Misses Q1 EPS by 6c; Trims FY15 Outlook

BorgWarner (NYSE: BWA) reported Q1 EPS of $0.78, $0.06 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $2.14 billion.

The company has updated its 2015 full year guidance. Due to weakening foreign currencies, net sales growth is now expected to be within a range of -4% to 0% compared with 2014, down from 2% to 6% previously. Excluding the impact of weakening foreign currencies, net sales growth is expected to be within a range of 9.5% to 12%, unchanged from the previous guidance. BorgWarner sees FY2015 EPS of $3.10 - $3.30, versus prior guidance of $3.35 - $3.55 and the consensus of $3.43.

For earnings history and earnings-related data on BorgWarner (BWA) click here.

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